Singapore's 40 Richest

#40 David Lam

08.20.08,
11:00 PM ET

Age56Net Worth$120 millionMarried, 3 children

Patented container design that became basis for Goodpack, which rents boxes to shippers. Still heads group, whose share price has been tanking lately. According to a report, Goodpack appointed Macquarie Group to seek strategic alternatives, such as a sale to a strategic buyer. It apparently hired another firm over a year ago, but no deal was done.

To compile this list we looked at shareholdings in publicly traded companies as well as in private company filings. For people with publicly traded fortunes net worths were calculated using current share prices and exchange rates. For privately held fortunes we estimated what they would be worth if public.